Doximity (DOCS) Net Margin (2020 - 2026)

Doximity's (DOCS) quarterly Net Margin came in at 13.15% in Q1 2026, down 3202.0% year-on-year from 0.42% in Q1 2025, and down 60.47% on a QoQ basis from 33.27% in Q4 2025.

Doximity (DOCS) Net Margin (2020 - 2026) Analysis & Trends

Doximity (DOCS) has 7 years of Net Margin data on file, last reported at 13.15% in Q1 2026.

  • On a quarterly basis, Net Margin fell 3202.0% year-over-year to 13.15% in Q1 2026; TTM through Mar 2026 was 30.4%, a 873.0% decrease from a year earlier, with the FY2026 full-year figure at 30.4%, down 873.0% from the prior year.
  • Net Margin for Q1 2026 stood at 13.15%, down from 33.27% in the prior quarter.
  • Over the last five years, Net Margin for DOCS reached as high as 45.17% in Q1 2025 and fell as low as 13.15% in Q1 2026.
  • Historically, Net Margin has averaged 32.01% across 5 years, with a median of 32.66% in 2024.
  • Across the five-year window, Net Margin surged 2348 bps in 2022 and slumped 3202 bps in 2026, its largest moves.
  • Year by year, Net Margin stood at 29.04% in 2022, then grew by 22 bps to 35.45% in 2023, then grew by 26 bps to 44.6% in 2024, then retreated by 25 bps to 33.27% in 2025, then slumped by 60 bps to 13.15% in 2026.
  • Per Business Quant data, the three most recent Net Margin figures were 13.15% in Q1 2026, 33.27% in Q4 2025, and 36.82% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Veeva Systems 31.78 Bn 24.46 Bn 662.02 Mn 29.55%
2 BrightSpring Health Services 14.61 Bn 13.71 Bn 482.22 Mn 4.12%
3 Healthequity 8.33 Bn 8.06 Bn 256.31 Mn 19.57%
4 Hinge Health 5.94 Bn 5.63 Bn 154.23 Mn 18.66%
5 10x Genomics 5.84 Bn 5.30 Bn 106.18 Mn -8.93%
6 MiniMed 4.52 Bn 4.22 Bn 480.00 Mn -22.10%
7 Waystar Holding 4.46 Bn 4.40 Bn 216.84 Mn 13.79%
8 Doximity 3.94 Bn 3.19 Bn 125.97 Mn 13.15%
9 Privia Health 3.15 Bn 2.73 Bn - 0.61%
10 Omnicell 1.86 Bn 1.62 Bn 140.36 Mn 3.67%

Historic Data

Download Data
DateValue
Mar 31, 2026 13.15%
Dec 31, 2025 33.27%
Sep 30, 2025 36.82%
Jun 30, 2025 36.54%
Mar 31, 2025 45.17%
Dec 31, 2024 44.60%
Sep 30, 2024 32.27%
Jun 30, 2024 32.66%
Mar 31, 2024 34.41%
Dec 31, 2023 35.45%
Sep 30, 2023 26.94%
Jun 30, 2023 26.19%
Mar 31, 2023 27.64%
Dec 31, 2022 29.04%
Sep 30, 2022 25.74%
Jun 30, 2022 24.69%
Mar 31, 2022 39.58%
Dec 31, 2021 56.85%
Sep 30, 2021 45.48%
Jun 30, 2021 14.78%